Edenville Energy PLC Deputy Minister of Minerals Site Visit (9102F)
26 February 2018 - 9:36PM
UK Regulatory
TIDMEDL
RNS Number : 9102F
Edenville Energy PLC
26 February 2018
26 February 2018
EDENVILLE ENERGY PLC
("Edenville" or the "Company")
Deputy Minister of Minerals Site Visit
Edenville Energy plc (AIM: EDL), the company developing a coal
project in southwest Tanzania, is pleased that on Friday 23
February 2018, the Company's Rukwa coal project (the "Project") was
visited by the Tanzanian Deputy Minister of Minerals, Mr Doto
Biteko. Mr Biteko was accompanied by a number of other officials
from different sectors of the Tanzanian Government.
Mr Biteko and the delegation were welcomed at site by
Edenville's CEO, Rufus Short and Tanzanian Director and Partner,
Cassiano Kaegele, together with various Edenville employees.
The main purpose of the visit was to inspect the mine and plant,
along with assessing the impact that the Project has had on the
local population and to hear the views of the workforce and local
people. The visit underpinned both the Tanzanian Government's
commitment to the Project and the Company's progress in
establishing itself as a coal supplier in the area in a relatively
short time frame since development began in early 2017.
The Government were encouraged that Edenville had carried
through on its plan to start the Project and indicated that the
Company were the type of investors that Tanzania wanted to attract
to further grow the local resources industry.
Edenville looks forward to continuing to work with the
Government on the further development of the Project and the
planned development of the mine mouth power plant.
A photograph of the visit can be seen at:
http://www.rns-pdf.londonstockexchange.com/rns/9102F_1-2018-2-26.pdf
Commenting, Rufus Short, CEO of Edenville said, "It was only a
year ago that we commenced construction of our Rukwa Coal Project.
One year on it makes me immensely proud to be standing alongside
our employees to welcome the Deputy Minister to our operations.
"It was a period of eight months from funding to switching on
the wash plant and we are now producing and selling a variety of
washed coal products. Additionally, opening up the coal deposit has
given us invaluable information and experience on the coal
characteristics and quality which will be used in the design and
implementation of the planned future power plant.
"There have been challenges along the way, but the team has
overcome them. The Project is in its infancy with a resource of 173
million tonnes of coal, enough for both the commercial sales
presently being undertaken and the planned power plant that may be
in excess of 300MW. We believe the future for the Project, the
local people of the Rukwa Region and Edenville is bright. I would
like to thank all our employees and contractors who have made it
possible for the Deputy Minister and Government to inspect the
Project and I look forward to providing further updates as the
Project develops."
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
For further information please contact:
Edenville Energy Plc
Jeff Malaihollo - Chairman
Rufus Short - CEO +44 (0) 20 3934 6632
Northland Capital Partners Limited
(Nominated Adviser)
Gerry Beaney
David Hignell
Jamie Spotswood +44 (0) 20 3861 6625
Optiva Securities Limited
(Broker)
Jeremy King
Graeme Dickson +44 (0) 20 3137 1902
IFC Advisory
(Financial PR and IR)
Tim Metcalfe
Graham Herring
Heather Armstrong +44 (0) 20 3934 6630
This information is provided by RNS
The company news service from the London Stock Exchange
END
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